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OR HB2820
Bill
Status
6/27/2025
Primary Sponsor
Paul Evans
Click for details
AI Summary
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Prohibits Oregon contracting agencies from accepting bids or proposals from nonprofit corporations where the highest-paid employee earns more than 50 times the lowest-paid employee's total compensation
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Applies to nonprofits that receive at least 20% of revenue from public sources (grants, contracts, tax benefits, subsidized loans), have annual revenues of $10 million or more, and employ at least five full-time permanent staff
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Requires covered nonprofits to declare compliance with the 50:1 pay ratio in their bids and substantiate it with evidence, with periodic reaffirmation required during the contract term
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Violations constitute a material breach resulting in contract termination and debarment or disqualification from future public contracts
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Becomes operative January 1, 2026, with the act taking effect on the 91st day after the 2025 legislative session adjourns
Legislative Description
Relating to compensation ratios in certain nonprofit corporations; prescribing an effective date.
Last Action
In committee upon adjournment.
6/27/2025